IndianWeb2

Merger & Acquisition

Bengaluru-based knowledge sharing platform Vocal, which was co-founded by Aprameya Radhakrishna, one of TaxiForSure's co-founders, has acqui-hired quizzing app startup StupidChat Technologies in an all-stock deal.StupidChat app, which calls itself Uber of anonymous social network, was founded in 2017 by Pramod K Maloo, Saheb Roy and Sourav Karmakar. The...

Hero Electronix, an emerging tech unit of Hero Group, has made its foray into the Internet-of-things (IoT) space with the acquisition of Gurgaon-based enterprise IoT startup Zenatix. The financials of the deal remain undisclosed however.As part of its fourth acquisition since its inception in 2015, Hero Electronix bought out...

Bengaluru-based bike taxi startup Rapido has acquired Hyderabad-headquartered motorcycle-sharing startup Getbike to enter the B2B segment, reported VCCircle. The financial details of the acquisition was not revealed.Founded in 2015 by Shravya Reddy, Getbike offers services to a number of clients from industries such as pharmaceuticals, food...

In one of the largest & marquee consolidations in the fitness industry in India, Cure.Fit and funds managed by Oaktree Capital Management (“Oaktree”) have agreed to merge Cult.fit of Cure.fit and Fitness First business. Oaktree is a majority shareholder of Fitness First India while Cultfit Healthcare Pvt Ltd ...
Quantiguous

German bank Deutsche Bank on Tuesday announced that it has acquired Quantiguous Solutions, a Mumbai-based fintech startup which offers API-based banking solutions, to strengthen its Global Transaction Banking franchise.Quantiguous was an early stage bootstrapped startup founded in 2014 by Akhilesh Kataria and Ajay Rana. Both the co-founders are ex-employees...

US-based mobile gifting platform Swych, Inc., which claims to be the world's first global gifting network, on Tuesday announced the acquisition of Mumbai, India-based Gift Cards India (GCI Network Pvt. Ltd). Swych, the maker of the revolutionary Swych™ digital gifting platform, was founded in 2015 by Deepak Jain, who's...

The acquisition of Flipkart has been a talk of the country that has kept the Indian e-commerce industry on its toes, but it seems that a deal has finally been finalized. The board of Flipkart Online Services Pvt has approved an agreement to sell about 75% of the company...

Delhi-based JetSetGo, an aggregator of India’s available private jets and helicopter for private jets, helicopters and air ambulance, today announced the acquisition of Indo Pacific Aviation Limited for operations in India. Indo Pacific Aviation Limited is the country’s oldest non-scheduled aircraft operator (NSOP).Incorporated in 2014 by Kanika Tekriwal JetSetGo...

Flipkart-owned fashion e-commerce firm, Myntra, today announced that it has acquired Blink (earlier known as Witworks), a Bengaluru based technology startup, focused on the development of consumer IoT products, smart wearable devices and their underlying software.As part of the acquisition Myntra has inducted...

Home rental service startup ZiffyHomes today said it has acquired Gurgaon-based home rental platform Nivaasa, in an all-cash deal. The company however did not disclose the deal value. The acquisition comes two months after the company had acquired competitor Fella Homes in February this year."The acquisition will help to...